City Residence

City Residence is an Ivory Properties Group project located at Tanjung Tokong, Penang. City Residence comprising 202 residential units on two 39-storey towers built above City Mall retail outlets. The built-up area ranging from 460 sq.ft. to 5,600 sq.ft. with choices of studio apartments, typical apartment units and penthouses.

The facilities at City Residence include swimming pool, gymnasium room, sauna room, children playground and BBQ area.

30 comments

April 12, 2012 at 2:15 PMAlicia

Anybody know the price and launch date?

April 12, 2012 at 2:22 PMDavid

My guess is around RM900psf?? :)

April 12, 2012 at 4:32 PMcity residence

this is the previous project called the residence. it was supposed to be single block completely sold out.. wonder if they will maintain the same price/sq feet for the original buyers when they change the layout completely.previous options were 1185 1500 & 1950 sq feet

April 12, 2012 at 7:32 PMAL

Once beaten twice shy! I had bad experiencey with its 1 Island Resort which I signed its SPA almost 5 years ago but conveniently it was not stamped.

Hi frogprinve,Island Resort 1 was supposed to be phase 2 of Island Resort 10, which is yet to be completed and was launched much earlier than Island Resort 1. After 18months of signing SPA, which was never stamped, I was told to switch to a smaller unit in Island Resort 10 which would cost additional RM50,000 or get back what I had paid as Ivory was not sure when it could start constructing it. Obviously, I was not happy with Ivory's type of business ethics and asked for refund of deposit.

April 13, 2012 at 10:39 PMPG kia

Heard Island Resort 1 was cancelled. Apparently they want to keep that land for future development.

April 14, 2012 at 5:00 PMRafael

I called Ivory and they said that the launch date either middle or end of the year.

Given today market Brezza and Fettes selling average RM450 to RM550 per/sqft so City Residence should follow aswell.

April 25, 2012 at 7:00 PMFirstimer

is the plan already come out? i'm interested on the studio suite...

Can anyone let me know roughly the price?

August 7, 2012 at 8:02 PMUnknown

Anyone aware whether there is any progress on this project lately?

January 24, 2013 at 8:35 AMmacibeng

Launching price on dec is 750/sqft

March 9, 2013 at 10:35 AMMadison

It sits on prime location and don't expect it to be cheap.Look at what happens at Fettes Residence.Though I would love to own a unit but I believe this project will only be completed in five years time as Ivory have so many new projects coming up.Just to name a few,The Wave, Latitude,Penang World City etc.

March 9, 2013 at 9:40 PMcondomana

Hi Madison,

What happened to Fettes Residence?

March 10, 2013 at 12:51 PMMadison

Don't you know that FR price appreciated so much!After Tanjong Bungah,Tg Tokong location is booming and now new projects in this area are beyond our reach especially wage earners.I love this place but how to buy where prices keeps going up.Heard OHM group got a project coming up this year in front of the current Peak project.If true,wonder what the price would be!Anyones guess?

March 10, 2013 at 1:02 PMMadison

Just look at the Jazz Residence opposite Tesco at Straits Quay,one million for a 1300 sq ft area.Crazy isn't it?

March 10, 2013 at 11:43 PMJT

come on, it is not "not expect to be cheap", this project already being lanched officially weeks ago, and now only left a few lower floor units selling at >800psf. The ~1250sf unit is the best among all, 3 bedroom all with view and facing morning sun, 3 bathroom, and balcony in living and master bedroom, 2 front to back car park, freehold. This project, in this location, is red hot, the price as compared to e&o (>1000psf), The landmark (>1200psf) still considered reasonable.

March 10, 2013 at 11:47 PMjeremy tan

this project started many moons ago. If i am not wrong the earlier buyers who bought at RM300 over psft back in 2009 already profited a lot from it.

This goes to show that Ivory's project can take a very long time to start after launching.

March 11, 2013 at 10:46 AMJT

Get your data right, those early purchasers booked at >400psf (after 10 + 5% discount) 3 years back, not 300psf. They have been given block B units as an exchange, and many of them forced to drop out as being given much bigger built-up, or much taller units (each floor increase by 3k)which worked out be be much more expensive. The addtional 5% discount also being forfeited, and replaced with the renovation package. So is Ivory stink? Yes, very stink. So still want to buy from them? Yes, b'coz their cheap-skate tactics can make you earn a fortune after few years. Who cares if they stink?

March 12, 2013 at 1:26 PMbaby

i got a bigger built up as it is more spacious. love this location as it is very convenient.

March 31, 2013 at 2:04 PMFirstimer

i would like to ask...is the studio units for sales? if yes, starting from how much?

becos when i went to the road show in Dec'12 in Gurney, they only show bigger units for sale...

April 1, 2013 at 11:29 AMOnini Sakamoto

what the update here

September 16, 2013 at 12:57 PMUnknown

Hello, I am interested in Type 2 (1230sf) Still available? How much approximately?

September 17, 2013 at 10:06 AMsummer lee

Unknown, 1720sf the price is RM 1.3mil

September 17, 2013 at 11:29 AMJT

I visited the sales office few months back, all the 1230sf units already being taken up. The price at that time already started from >=1mil, with some small discount given. As far as I can remember, the 30th floor unit is selling at ~1.1mil before discount.

The 1230sf units are the best because living room and all bedrooms are facing outward, terrific design for view, lighting and ventilation as normally either 1 or 2 bedrooms would have no external view. The layout also very practical. Unfortunately the best unit also the mostly sought, try ask from developer if still left-over, but price wont be cheap thats for sure.

September 17, 2013 at 11:32 AMJT

Freehold with 2 car parks given, priced <=1000psf, this probaly the best project in the tg tokong golden triangle precinct.

January 16, 2014 at 10:35 AMpenang investors

460 sf studio still available not??

November 18, 2014 at 2:02 AMAnonymous

Heard that tanjung park owners say price drop and stuck because of this project?